REG - Antofagasta PLC - NOTIFICATION OF TRANSACTIONS
03/04/2024 11:00
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RNS Number : 1585J Antofagasta PLC 03 April 2024
NEWS RELEASE, 3 APRIL 2024
NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITIES
This announcement is a notification made pursuant to Article 19 of the UK
version of the EU Market Abuse Regulation 596/2014, which is part of UK law by
virtue of the European Union (Withdrawal) Act 2018.
1. Antofagasta plc (LEI: 213800MY6QVH4FVLD628) (the "Company")
announces that, on 29 March 2024, awards calculated by reference to the value
of ordinary shares of 5 pence each in the Company (ISIN: GB0000456144)
("Shares") were granted under the Antofagasta Long Term Incentive Plan (the
"LTIP") to the Persons Discharging Managerial Responsibility ("PDMR") set out
below:
Name of PDMR Position of PDMR N° of Shares to which awards relate
Performance Awards Restricted Awards
I. Arriagada CEO 96,527 41,367
O. Araneda COO 12,492 5,355
M. Ortiz CFO 12,492 5,355
G. Barcelo Vice President, People and Organisation 12,492 5,355
M. Larraín Vice President, Planning and Technical Services 12,492 5,355
A. Luksic Vice President, Development 12,492 5,355
R. Aguilar Vice President, Corporate Affairs and Sustainability 12,492 5,355
P. Enei Vice President, Legal 11,175 4,788
A. Muchnik Vice President, Strategy and Innovation 9,717 4,164
G. Sánchez Vice President, Sales 9,717 4,164
J. Bermudez Vice President, Projects 9,717 4,164
C. Espinoza General Manager, Minera Centinela 12,492 5,355
A. Vasquez General Manager, Minera Los Pelambres 12,492 5,355
L. González General Manager, Minera Zaldívar 12,492 5,355
I. Fadic General Manager, Minera Antucoya 9,717 4,164
K. Jenny General Manager, FCAB 9,717 4,164
Total number of Shares to which awards relate 268,715 115,170
These are awards granted under the LTIP which the Antofagasta group (the
"Group") has established to reward senior executives in a way that aligns
their interests with the interests of shareholders and with the Group's
long-term strategic plan. Directors of the Company are not eligible to
participate in the LTIP.
Awards granted under the LTIP are conditional rights to receive a cash payment
by reference to the number of Shares relating to the relevant award which
vests under the LTIP. The cash payment is determined by reference to the
market value of the Shares at vesting. No Shares are issued to participants in
the LTIP. No consideration was paid for the grant of any awards.
Performance awards are subject both to certain performance conditions, which
are measured over a three year period (2024 - 2027), and to continued
employment. Performance awards will normally vest only after the end of the
three year performance period and only to the extent that those performance
conditions are met.
Restricted awards are subject to continued employment and normally one third
will vest in March 2025, one third in March 2026 and the final third in March
2027.
The above transaction took place outside of a trading venue.
2. The Company announces that, on 29 March 2024, restricted awards
granted under the LTIP on 29 March 2023 and calculated by reference to the
value of Shares vested to the PDMRs set out below:
Name of PDMR Position of PDMR N° of Shares to which awards relate that vested Amount of cash received
GBP
I. Arriagada CEO 14,189 283,804
O. Araneda COO 2,390 47,804
M. Ortiz CFO 2,390 47,804
G. Barcelo Vice President, People and Organisation 1,859 37,183
M. Larraín Vice President, Planning and Technical Services 2,390 47,804
A. Luksic Vice President, Development 2,390 47,804
R. Aguilar Vice President, Corporate Affairs and Sustainability 2,390 47,804
P. Enei Vice President, Legal 2,138 42,764
A. Muchnik Vice President, Strategy and Innovation 1,859 37,183
G. Sánchez Vice President, Sales 1,859 37,183
C. Espinoza General Manager, Minera Centinela 2,390 47,804
A. Vasquez General Manager, Minera Los Pelambres 2,390 47,804
L. González General Manager, Minera Zaldívar 1,859 37,183
I. Fadic General Manager, Minera Antucoya 1,859 37,183
K. Jenny General Manager, FCAB 1,859 37,183
Total number of Shares to which awards relate that vested and cash received 44,211 884,294
The market value of the Shares on the date the awards vested was £20.0017.
The above transaction took place outside of a trading venue.
3. The Company announces that, on 29 March 2024, restricted awards
granted under the LTIP on 29 March 2022 and calculated by reference to the
value of Shares vested to the PDMRs set out below:
Name of PDMR Position of PDMR N° of Shares to which awards relate that vested Amount of cash received
GBP
I. Arriagada CEO 7,526 150,533
M. Ortiz CFO 1,953 39,063
G. Barcelo Vice President, People and Organisation 1,519 30,383
M. Larraín Vice President, Planning and Technical Services 1,953 39,063
A. Luksic Vice President, Development 1,953 39,063
R. Aguilar Vice President, Corporate Affairs and Sustainability 1,953 39,063
P. Enei Vice President, Legal 1,747 34,943
A. Muchnik Vice President, Strategy and Innovation 1,519 30,383
G. Sánchez Vice President, Sales 1,519 30,383
C. Espinoza General Manager, Minera Centinela 1,953 39,063
A. Vasquez General Manager, Minera Los Pelambres 1,953 39,063
L. González General Manager, Minera Zaldívar 1,519 30,383
I. Fadic General Manager, Minera Antucoya 1,082 21,642
K. Jenny General Manager, FCAB 1,519 30,383
Total number of Shares to which awards relate that vested and cash received 29,668 593,411
The market value of the Shares on the date the awards vested was £20.0017.
The above transaction took place outside of a trading venue.
4. The Company announces that, on 29 March 2024, restricted
awards granted under the LTIP on 29 March 2021 and calculated by reference to
the value of Shares vested to the PDMRs set out below:
Name of PDMR Position of PDMR N° of Shares to which awards relate that vested Amount of cash received
GBP
I. Arriagada CEO 5,635 112,710
M. Ortiz CFO 1,745 34,903
M. Larraín Vice President, Planning and Technical Services 1,745 34,903
A. Luksic Vice President, Development 1,745 34,903
R. Aguilar Vice President, Corporate Affairs and Sustainability 1,951 39,023
P. Enei Vice President, Legal 1,745 34,903
A. Muchnik Vice President, Strategy and Innovation 939 18,782
G. Sánchez Vice President, Sales 1,517 30,343
C. Espinoza General Manager, Minera Centinela 1,745 34,903
L. González General Manager, Minera Zaldívar 1,170 23,402
I. Fadic General Manager, Minera Antucoya 1,080 21,602
K. Jenny General Manager, FCAB 1,517 30,343
Total number of Shares to which awards relate that vested and cash received 22,534 450,720
The market value of the Shares on the date the awards vested was £20.0017.
The above transaction took place outside of a trading venue.
5. The Company announces that, on 29 March 2024, performance awards
granted under the LTIP on 29 March 2021 and calculated by reference to the
value of Shares vested to the PDMRs set out below:
Name of PDMR Position of PDMR N° of Shares to which awards relate that vested Amount of cash received
GBP
I. Arriagada CEO 39,442 788,907
M. Ortiz CFO 12,211 244,241
M. Larraín Vice President, Planning and Technical Services 12,211 244,241
A. Luksic Vice President, Development 12,211 244,241
R. Aguilar Vice President, Corporate Affairs and Sustainability 13,652 273,063
P. Enei Vice President, Legal 12,211 244,241
A. Muchnik Vice President, Strategy and Innovation 2,818 56,365
G. Sánchez Vice President, Sales 10,619 212,398
C. Espinoza General Manager, Minera Centinela 12,211 244,241
L. González General Manager, Minera Zaldívar 8,193 163,874
I. Fadic General Manager, Minera Antucoya 3,240 64,806
K. Jenny General Manager, FCAB 10,619 212,398
Total number of Shares to which awards relate that vested and cash received 149,638 2,993,016
The overall performance score in connection with these awards was 100%.
The market value of the Shares on the date the awards vested was £20.0017.
The above transaction took place outside of a trading venue.
Investors - London Media - London
Rosario Orchard rorchard@antofagasta.co.uk (mailto:rorchard@antofagasta.co.uk) Carole Cable antofagasta@brunswickgroup.com (mailto:antofagasta@brunswickgroup.com)
Robert Simmons rsimmons@antofagasta.co.uk (mailto:rsimmons@antofagasta.co.uk) Telephone +44 20 7404 5959
Telephone +44 20 7808 0988
Media - Santiago
Pablo Orozco porozco@aminerals.cl (mailto:porozco@aminerals.cl)
Carolina Pica cpica@aminerals.cl (mailto:cpica@aminerals.cl)
Telephone +56 2 2798 7000
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